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Archive for July, 2008

Now loyalty programs in search engine

July 24th, 2008 10 comments

With information gaining vital importance in our daily lives, many people have started saying that we have entered an information age since last few years. IT companies are covering the distance between zero and billion in the shortest time for any company. The media has seen a bursting high in last decade as information has never been so easy to interchange, and when information is bombarded in our lives so heavily the next major thing is searching for the right information. So stress has been lately on how to structure the information, index it, make relationships between various information units so as to have a meaningful search. To reach this we need heuristic information, where the ‘thumb of rules’ are identified from experience.

We have seen search engine in text form changing to clusters and tags. But now a new search engine called Scour has been launched to encourage and reward consumers to vote and comment on search results called up from Google, Yahoo! and MSN. taking clues from popular site Digg, Scour allows its (human) members to evaluate, vote on, and comment on the results they receive from the usual major search engines like Yahoo, Google and MSN. Those votes and comments are then available to others in the Scour.com community to help them decide which results are likely to be most useful or trustworthy.

Scour differentiates itself from other social search, rating and community web sites in that it allows its users vote and comment on search results, provides absolute privacy control, gives weight to each user’s preferred search engines, and allows members to redeem their search points for Visa gift cards. By associating itself with Visa, it has entered the well established Loyalty domain.

Points scheme:
* Searching: 1 point;
* Voting: 2 points;
* Commenting: 3 points;
* Friend referral: 25% of each friend’s points.

In a scenario cited by Scour.com, an average of 4.5 searches per day could translate into rewards worth as much as US$25 per year. And, when adding in the value of friend referrals with an average of 3 searches per day for each friend, 25 friends who sign up and use Scour.com regularly could earn the original member up to an additional US$100 or more each year.

“We’re not trying to provide users with an alternative income, but the Scour points programme is a good way for us to reward users for helping to build up the community, to refine search results beyond the ordinary algorithms,” concluded Yomtobian. Scour.com is owned and operated by ABCSearch, a part of Internext Media Corporation.

You can visit the search engine at http://scour.com

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VISA payWave – next wave in payment mode?

July 14th, 2008 2 comments
Reacting to the success of RFID as payment mode, VISA has branded its RFID card as VISA payWave. Called so as one just needs to wave his/her card near the accepting POS terminal for transaction to be carried. To ease the faster payment, one doesn’t even need to sign for most of the purchases made under $25.

According to the VISA website, over 32,000 retailers from 20 top brands accept Visa payWave payments, and the list is rapidly growing. Visa payWave is intended to make it simple to save time every day—at quick service restaurants, drugstores, movie theaters, convenience stores and more. The participating issuers are BB&T, Chase, INOVA FCU, SunTrust and Wells Fargo as of now. Some of the major names of merchants who are already accepting the card are Mc Donalds, CVS Pharmacy, 7-Eleven and Jack in the Box. The complete list of eligible merchants is provided at its sitepage –
http://usa.visa.com/paywave-merchants/
Well there are lot of benefits for users over here, like
  • Checkout is faster and easier for cardholder as no swiping needs to be done in RFID cards
  • VISA allows no signature for most purchases under $25
  • As you remain in control of your card during the transaction, the risk of fraud is greatly reduced
  • VISA is giving the Zero Liability this card too, which ensures you are not responsible for fraudulent or unauthorized transactions.
  • These cards also have a magnetic stripe so in case RFID reader isnt there, you can pay by normal swiping method.
But then it needs to be seen how much faith do cardmembers show in RFID payment methods. There has been recent reports of people being able to forge the RFID cards as what a legitimate merchant terminal can read from the card, a malicious scanning device can also read without a consumer’s consent or knowledge. Hence the design takes the prime importance over here. The most basic info of the card, the name of the cardholder is abused the maximum with these devices. There has been a good article on the vulnerabilities in First-Generation RFID enabled cards at blog of RFID Cusp, you can access it here -
http://www.rfid-cusp.org/blog/blog-23-10-2006.html
Visa has also announced that it is currently migrating to an enhanced global specification, Visa Contactless 2.0, to further support the growth of Visa payWave around the globe. The new global contactless specification is based on the international EMV chip standards, enabling Visa to take advantage of the industry’s most advanced cryptographic techniques for Visa payWave transactions, regardless of where the card was issued or where the transaction takes place.
“Visa payWave is an excellent example of Visa’s approach to innovation and our ability to extend the value of Visa to new stakeholders and new market segments,” said Elizabeth Buse, Global Head of Product at Visa Inc. “As the payments ecosystem expands, so does Visa’s opportunity to deliver innovative products and services to a diverse set of stakeholders.”


Sources: VISA websites

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